NYSE Analytics 06/03

Spyder ETF a little drops  before  NYSE opening bell. 

SPY (intraday chart) downtrend  at premarket. Resistance:192.50, Support: 192.00


Gapping up:

In reaction to strong earnings/guidance: SWKS +5.5%, GIII +4.1%, SLP +2.2%, GWRE +1.6%, DG +0.6%.

M&A news: HSH +8.5% (confirms revised proposal to acquire Hillshire Brands At $55.00 per share in cash), AEC +0.7% (Land and Buildings sends letter to the Board of AEC; encourages sale of the company to maximize shareholder value), DFZ +0.6% (announces end of ‘Go-Shop’ period and designation of an excluded party).

Select mining stocks trading higher: IAG +2.3%, SVM +1.9%, PAAS +1.9%, GG +0.7%, SLW +0.6%.

Other news: PVCT +23.3% (PV-10 data presented at ASCO), IDCC +14.3% (announces patent license agreement with Samsung (SSNLF); issues guidance), SPEX +9.4% (still checking), SPEX +9.4% (confirmed it bolstered its balance sheet with $20 million equity financing), RNA +4.9% (announces regulatory path forward for drisapersen as a potential treatment for DMD), LOGI +3.9% (introduced the Logitech X300 Mobile Wireless Stereo Speaker), MPET +3.6% (announces plans for two UK wells in 2014), TFM +3.1% (insider buying), FBHS +2.5% (announced $250 mln share repurchase authorization), NVTL +2.4% (confirmed it received a favorable Supreme Court ruling in its patent infringement case), RFMD +2.4% (in sympathy with SWKS guidance), TQNT +2.2% (in sympathy with SWKS guidance), SUNE +1.1% (entered into a comprehensive agreement with Huantai Group, a Chinese solar PV co, to develop solar projects and supply key materials, technologies and services for the Chinese market), HLF +0.9% (commented on ruling by US Court of Appeals: ‘Today’s decision validates validates product consumption by participants as a legitimate measure of demand for multi-level marketing companies and rejects Bill Ackman’s fundamental thesis’).

Analyst comments: RAS +1.9% (initiated with a Buy at MLV & Co), PBFX +1.3% (initiated with an Overweight at Barclays, init Buy at Citi), MGAM +1.2% (initiated with a Buy at Stifel), LRCX +0.6% (initiated with a Buy at Jefferies), NBG +0.6% (upgraded to Buy from Reduce at Nomura), MCC +0.5% (initiated with a Buy at MLV & Co)

Gapping down:

In reaction to disappointing earnings/guidance: ZQK -38.3%, KKD -10.9%, AMWD -5.6%, CMCM -1.2%, .

M&A news: NPSP -3.1% (co disclosed that it has not had any communications with Shire (SHPG) regarding a potential acquisition) .

Select EU names showing weakness: NOK -1.2%, DB -1.2%, ALU -1%, HSBC -0.9%, BCS -0.8%.

Select gaming stocks trading lower following soft May Macau gross gaming rev: MPEL -3.9%, LVS -2.5%, WYNN -1.8%, MGM -1.8%.

Select metal related names showing early weakness after wte China HSBC PMI: CLF -1.5%, RIO -1.3%, BHP -1.1%, MT -0.9%.

Other news: COMM -5.6% (filed for 15 mln share common stock offering by selling shareholders), BAGL -5.3% (in sympathy with KKD), WAIR -4.5% (announces 6 mln share offering of common stock by The Carlyle Group), GOOD -4.2% (announces common stock offering, size not disclosed), NLSN -1.5% (announces secondary offering of 20 mln shares of common stock by selling stockholder), GEVA -1.5% (light volume, presenting at The European Atherosclerosis Society Congress).

Analyst comments (may also be related to news): AEIS -11.3% (downgraded to Hold at Needham following announcement of CEO transition), CLVS -10.2% (downgraded to Neutral from Buy at Citigroup), CNC -2.4% (downgraded to Sell from Neutral at Citigroup).

Trading Ideas NYSE & NASDAQ:

  • AEIS – long above 18.00
  • MPEL – long above 35.00, short below premarket low
  • RNA – long above 12.00
  • IDCC – short below 41.00